Housing Inventory Ends Year Down 22%.

Per WSJ dated 1/19/2011--There were fewer homes listed for sale at the end of 2011 than in any of the previous four years, a positive sign for the housing sector.......Still, some real-estate agents aren’t celebrating because there’s a large backlog of potential foreclosures that haven’t yet been taken back and listed by banks. The inventory declines are particularly pronounced in certain states where banks have sharply slowed down foreclosures to correct document-handling abuses.
Read Full article http://blogs.wsj.com/developments/2012/01/19/housing-inventory-ends-year-down-22/#
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